The exchange of commodities between people to meet their needs is known as what?
- aMoney system
- bBarter system
- cCredit system
- dTrade system
66 questions · 8 sections
The exchange of commodities between people to meet their needs is known as what?
Which factor most directly created the need for a common medium of exchange?
Which of the following was NOT used as an early coin in different ages?
The ivory used as early coin came from which animal?
The use of paper money was introduced in which century?
Which is NOT a reason for the wide spread of paper money?
Which transports contributed to the expansion of barter and long-distance trade?
Which played a role in the creation of currency?
Use of metal coins did not last long because of difficulties in—
What caused the short supply of metal for coins?
By function, currency is a medium of exchange acceptable to all and works as—
Which is described as the main function of currency?
Determining the daily wages of a labourer using money illustrates which function of currency?
Saving money for the future illustrates which function of currency?
The functions of currency include—
Beyond exchange and savings, currency also helps in determining—
Currency is called the mother of which system?
A bank forms its deposit by collecting—
How does a bank primarily earn profit?
The main element of a bank's business is—
Why is currency called the mother of banking?
According to some economists, the term 'Bank' originated from which language?
The Latin meaning of 'Bank' refers to—
Which of the following are claimed as Latin origins of the term 'Bank'?
The Lombardy Street, important in early banking history, is in which country?
The literary meaning of 'Bank' includes all of the following EXCEPT—
According to the textbook, a bank is a financial institution that—
According to the Oxford Dictionary, a bank is—
All legal activities of a bank are known as—
A bank sanctions a loan when the capital provided by the owner is—
Discounting receivables and approving bills payable falls under which banking activity?
Through a letter of credit, a bank ensures—
Which of the following is NOT a function of a modern bank?
Banks protect valuables and documents because at the owner's home they risk—
Asset management activity of banks may include—
People directly involved in running the banking business are called—
Banking business is run by people who have—
Who are the potential depositors of a bank?
Which of the following are bank functions related to foreign trade?
The banking system took place for the first time in which year?
Which civilizations contributed to the development of banking till 400 B.C?
"The Hindustan Bank" was established in India in—
The "Reserve Bank of India" was established as the guardian of all Indian banks in—
The "State Bank of Pakistan" was established as the central bank of Pakistan in—
Bangladesh Bank was established in which year?
Bangladesh Bank was established under which Presidential Order?
The Presidential Order for Bangladesh Bank was effective from which date?
After the Liberation War, how many bank branches existed in Bangladesh?
Which two banks had Bengali ownership at the time of independence?
After nationalization, how many banks were created in Bangladesh?
Which of the following is NOT among the 6 nationalized banks?
Which two banks remained nationalized after later denationalization?
Denationalization of banks in Bangladesh started in which decade?
Permission to establish new private sector banks in Bangladesh was given in—
With the evolution of civilization why did human beings need to exchange products with one another?
What is the reason behind introduction of paper money?
In the past, people would exchange products to—
The Barter System refers to—
Which best describes the relationship between currency and bank?
A person professionally involved in running banking business is called—
The main difficulty of the barter system that led to the introduction of currency was—
The significance of a universally accepted medium of exchange (modern currency) includes—
The main reason for the extinction of the barter system is—
Money is called a medium of exchange because—
The use of paper currency spread widely because of—
Currency is called the mother of banking mainly because—